ReNu Energy Limited (ASX: RNE) is a clean energy products and services Company, delivering independent power solutions through the development of, build, own, operate and maintain renewable energy projects in Australia. The Company’s solar PV and embedded network projects will operate behind the meter, providing electricity directly to its customers in the commercial, industrial and agricultural sectors. ReNu Energy has one behind the meter biogas to energy project in operation and is developing a second project.
Headquartered in Brisbane, Queensland, ReNu Energy’s team has strong experience and capability in the renewable energy, utility and infrastructure sectors. The Company seeks to own projects utilising proven technologies such as solar PV that will reduce its customers’ electricity costs and carbon emissions.
The build, own, operate and maintain model means that ReNu Energy secures stable revenue streams under long dated contracts and its customers are able to access the benefits of renewable energy with no upfront cost.
In 2015 Geodynamics acquired biogas company Quantum Power Limited, a developer of biogas to energy projects. Subsequent to the acquisition of Quantum Power, the Company expanded its focus to include solar PV, embedded networks, battery and hybrid systems.
ReNu Energy, formerly Geodynamics, listed on the Australian Securities Exchange (ASX) in September 2002. In October 2016 the Company announced it would rebrand to ReNu Energy, and the new name was approved by shareholders at the AGM on 25 November 2016.
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